Nonprofit · EIN 74-2589396
GEORGETOWN PALACE THEATRE INC
Tax-exempt · GEORGETOWN, TX 78626
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $2,426,616 | $2,825,467 | -$398,851 | $6,727,607 | $17,316 | $6,710,291 |
| December 31, 2024 | 990 (amended) | $2,351,704 | $2,791,409 | -$439,705 | $7,127,116 | $109,073 | $7,018,043 |
| December 31, 2023 | 990 (amended) | $2,358,975 | $2,473,036 | -$114,061 | $7,642,822 | $43,011 | $7,599,811 |
| December 31, 2022 | 990 (amended) | $2,118,479 | $2,045,171 | $73,308 | $7,788,887 | $59,541 | $7,729,346 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $331,202
- of which government grants
- $49,000
- Program service revenue
- $1,941,928
- Investment income
- $45,548
- Net rental income
- $89,196
- Net income from fundraising events
- $18,742
- Other revenue
- $107,938
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $52,615
- Other salaries and wages
- $645,376
- Salaries, compensation and benefits (total)
- $874,386
- Professional fundraising fees
- $0
- Accounting fees
- $62,080
- Occupancy
- $189,628
- Travel
- $1,307
- Depreciation
- $237,693
- Program services (functional)
- $2,683,127
- Management and general (functional)
- $142,340
Balance sheet and other
- Total assets, start of year
- $7,127,116
- Total assets, end of year
- $6,727,607
- Total liabilities, end of year
- $17,316
- Net assets, end of year
- $6,710,291
- Land, buildings and equipment
- $5,550,417
- Gross unrelated business income
- $18,742
- Gross receipts
- $2,509,595
- Employees
- 111
- Volunteers
- 177
- Year formed
- 1989
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON WATSON | EXECUTIVE ARTISTIC DIRECTOR Officer, Key employee | 40 | $52,615 |
| JOHN ARGERSINGER | BOARD MEMMBER Trustee or director | 1 | $0 |
| ED HARMES | BOARD MEMBER Trustee or director | 1 | $0 |
| ART RODRIGUEZ | BOARD MEMBER Trustee or director | 1 | $0 |
| DESIDERIO ROYBAL | BOARD MEMBER Trustee or director | 1 | $0 |
| CAROL CAIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DARYL ELRIDGE | BOARD MEMBER Trustee or director | 1 | $0 |
| KRISTEN GOOCH | BOARD MEMBER Trustee or director | 1 | $0 |
| ERICA ROBERTS | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID SRAY | BOARD MEMBER Trustee or director | 1 | $0 |
| MARSHA SRAY | BOARD MEMBER Trustee or director | 2 | $0 |
| COREY RYAN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNA THOMAS | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL DAVIS | PRESIDENT Officer | 10 | $0 |
| BETH BAKER | VICE PRESIDENT Officer | 2 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KAREN TURPIN | TREASURER Officer | 6 | $0 |
| TESSA MAXWELL | SECRETARY Officer | 3 | $0 |
990 for the year ended December 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RON WATSON | EXECUTIVE ARTISTIC DIRECTOR Key employee | 40 | $76,888 |
| MICHAEL DAVIS | BOARD PRESIDENT Officer | 4 | $0 |
| WILLIAM WATSON | VICE PRESIDENT Officer | 2 | $0 |
| KAREN TURPIN | TREASURER Officer | 10 | $0 |
| BETH BAKER | SECRETARY Officer | 3 | $0 |
| ART RODRIGUEZ | PAST PRESIDENT Officer | 1 | $0 |
| ED HARMES | BOARD MEMBER Officer | 2 | $0 |
| JOHN ARGERSINGER | BOARD MEMBER Officer | 1 | $0 |
| DESIDERIO ROYBAL | BOARD MEMBER Officer | 1 | $0 |
| JOE AUSTIN | BOARD MEMBER Officer | 1 | $0 |
| JESSICA OBRIEN | BOARD MEMBER Officer | 1 | $0 |
| TESSA MAXWELL | BOARD MEMBER Officer | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOANNE HARRAH | BOARD MEMBER Trustee or director | 1 | $0 |
| BETH BAKER | BOARD MEMBER Trustee or director | 1 | $0 |
| RICK ROWDER | BOARD MEMBER Trustee or director | 1 | $0 |
| ED HARMES | 1ST VICE PRESIDENT Trustee or director | 1 | $0 |
| MICHAEL DAVIS | PAST PRESIDENT Trustee or director | 1 | $0 |
| RUSS JERNIGAN | 2ND VICE PRESIDENT Trustee or director | 1 | $0 |
| GARY BROWN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOHN ARGERSINGER | DIRECTOR Trustee or director | 2 | $0 |
| JESSICA OBRIEN | BOARD MEMBER Trustee or director | 1 | $0 |
| JOE AUSTIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DEANNE COWARD | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM WATSON | BOARD MEMBER Trustee or director | 1 | $0 |
| KAREN TURPIN | TREASURER Trustee or director | 10 | $0 |
| JILL LEBERKNIGHT | SECRETARY Trustee or director | 6 | $0 |
| CAROLYN HOLLOWAY | BOARD MEMBER Trustee or director | 1 | $0 |
| ART RODRIGUEZ | PRESIDENT Trustee or director, Officer | 6 | $0 |
990 for the year ended December 31, 2022: 19 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RICK ROWDER | DIRECTOR Trustee or director | 2 | $0 |
| JOHN ARGERSINGER | DIRECTOR Trustee or director | 2 | $0 |
| KAREN TURPIN | TREASURER Trustee or director | 10 | $0 |
| SONJA ASENDORF | DIRECTOR Trustee or director | 2 | $0 |
| JOANNE HARRAH | DIRECTOR Trustee or director | 2 | $0 |
| BETH BAKER | DIRECTOR Trustee or director | 2 | $0 |
| JILL LEBERKNIGHT | SECRETARY Trustee or director | 4 | $0 |
| MARY ELLEN BUTLER | DIRECTOR Trustee or director | 2 | $0 |
| DEANNE COWARD | DIRECTOR Trustee or director | 2 | $0 |
| WILLIAM WATSON | DIRECTOR Trustee or director | 2 | $0 |
| CAROLYN HOLLOWAY | DIRECTOR Trustee or director | 2 | $0 |
| JESSICA OBRIEN | DIRECTOR Trustee or director | 2 | $0 |
| JOE AUSTIN | DIRECTOR Trustee or director | 2 | $0 |
| GARY BROWN | DIRECTOR Trustee or director, Officer | 4 | $0 |
| RUSS JERNIGAN | 2ND VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| MICHAEL DAVIS | PAST PRESIDENT Trustee or director, Officer | 4 | $0 |
| ART RODRIGUEZ | PRESIDENT Trustee or director, Officer | 15 | $0 |
| KRISTEN SMITH | FIRST VICE PRESIDENT Trustee or director, Officer | 4 | $0 |
| ED HARMES | 1ST VICE PRESIDENT Trustee or director, Officer | 8 | $0 |
Address and contacts
- Address (IRS master file)
- 810 S AUSTIN AVE, GEORGETOWN, TX 78626-5820
- In care of
- % RON WATSON
- Principal officer (990 for 2025)
- RON WATSON, 810 S AUSTIN AVE, GEORGETOWN, TX 78626
- Signed the 990
- RON WATSON, EXECUTIVE ARTISTIC DIRECTOR
- Phone
- (512) 869-7469
- Website
- WWW.GEORGETOWNPALACE.ORG
- Return prepared by
- Purple Sapphire Business Solutions
Mission
THE GEORGETOWN PALACE THEATRE CELEBRATES THE POWER OF STORYTELLING AND OUR SHARED HUMAN EXPERIENCE WITH A COMMITMENT TO ARTISTIC EXCELLENCE, QUALITY EDUCATION, AND COMMUNITY ENGAGEMENT.
Program accomplishments
- WE PRODUCED MUSICALS AND PLAYS WITH PERFORMERS AND ARTISTS FROM OUR SURROUNDING COMMUNITY.Expenses $1,645,829
- WE PROVIDED EDUCATIONAL THEATRICAL OPPORTUNITIES FOR THE YOUTH OF WILLIAMSON COUNTY.Expenses $1,029,516
- WE PARTNERED WITH OTHER COMMUNITY NON-PROFITS TO HELP GET THEIR MESSAGE TO A LARGER AUDIENCEExpenses $7,782
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2589396
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1992
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A610)
- Assets (IRS master file)
- $6,727,607
- Income (IRS master file)
- $2,509,595
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $2,426,616 | $2,825,467 | $6,727,607 | XML |
| 990 | December 2024 | $2,351,704 | $2,791,409 | $7,127,116 | XML |
| 990 | December 2023 | $2,358,975 | $2,473,036 | $7,642,822 | XML |
| 990 | December 2022 | $2,118,479 | $2,045,171 | $7,788,887 | XML |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2589396).
Questions about GEORGETOWN PALACE THEATRE INC
- What is the EIN of GEORGETOWN PALACE THEATRE INC?
- The employer identification number (EIN) of GEORGETOWN PALACE THEATRE INC is 74-2589396.
- Is GEORGETOWN PALACE THEATRE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1992.
- Are donations to GEORGETOWN PALACE THEATRE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does GEORGETOWN PALACE THEATRE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of GEORGETOWN PALACE THEATRE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GEORGETOWN PALACE THEATRE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of GEORGETOWN PALACE THEATRE INC?
- The 990 for the year ended December 31, 2025 names RON WATSON.
- Who are the officers and directors of GEORGETOWN PALACE THEATRE INC?
- The 990 for the year ended December 31, 2025 lists 17 people; 1 received compensation from the organization, the highest $52,615 (RON WATSON, EXECUTIVE ARTISTIC DIRECTOR).
- How much revenue does GEORGETOWN PALACE THEATRE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $2,426,616, expenses of $2,825,467 and total assets of $6,727,607 at year end.
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All nonprofits in GEORGETOWN · Texas · Arts, culture and humanities